Georgia May Be the First State to Cap Income Taxes
Tuesday, October 7th, 2014
Georgia appears on the verge of removing a valuable financial tool for the state -- and it’s leaving the ultimate decision to voters.
The question on November's ballot asks voters if they want to place a cap on the state’s income tax. (The state’s top rate is 6 percent.) Perhaps not surprisingly, the idea has strong popular support -- a poll conducted at the end of August by Georgia-based polling company Sand Mountain Communications showed 57 percent of voters support the idea. Even more convincing, the cap has majority support across all age groups, men and women and both major parties.
